Morocco eyes first Islamic bank launch in 2013
Available at: http://www.brecorder.com/money-a-banking/198/1169744/
Foreign Islamic banks will be allowed to take up to 49 percent of Morocco's first fully-fledged Islamic bank in 2013, as the country aims to become a regional financial hub, a government minister said on Monday.
The government will submit to parliament a draft bill with a set of regulations for... Read More
Islamophobia: Myth or Reality
I would like to share my recent presentation on the issue of Islamophobia at Pusat Islam, Kuala Lumpur to staff of Islamic Religious Council of Federal Territories and representatives of the non-governmental organizations. It is important to note that the OIC has already initiated the establishment of the OIC Islamophobia Observatory Report to specifically monitor, promote... Read More
What Can We Learn From Islamic Finance?
Otaviano Canuto Vice President, Poverty Reduction, World Bank
Available at: http://www.huffingtonpost.com/otaviano-canuto/what-can-we-learn-from-is_b_1373040.html
In over 70 countries, from financial centers in Malaysia to the Middle East, Islamic finance has been growing rapidly around the world. In fact, Shariah-compliant financial assets have increased from about US$5 billion in the late 1980s to about US$1 trillion in 2010. Even... Read More
Arab Spring leaves fertile ground for growth of Islamic finance
By Charlotte Kan Available at: http://www.zawya.com/story.cfm/sidZAWYA20120322043907/A_Shariah_Spring
In the countries swept by the Arab Spring, recent elections were dominated by Islamist parties. This will further encourage the development of the Islamic finance market, experts believe.
"The recent free elections in a number of the affected countries have shown a desire by the... Read More
Secularism and Relation between Religion and the State from the Perspective of the Nahdha's Party
By Rached Ganouchi
In the name of God, prayers and peace be upon His Messenger, his household, companions, and supporters.
Ladies and gentlemen, brothers and sisters may God’s peace and blessings be upon you.
I thank the Centre for the Study of Islam and Democracy for giving me... Read More
Tunisia sets up Islamic finance working group
Available at: http://www.reuters.com/article/2012/03/15/tunisia-islamic-finance-idUSL5E8EE3AP20120315
By Bernardo Vizcaino
(Reuters) - The Tunisian government has set up a working group that will study how to develop Islamic finance in the country, a finance ministry official said.
The group, which includes representatives from the central bank, stock exchange and private sector institutions including Bahrain-based Al Baraka Banking Group, will look... Read More
Isu Pengawalan Perdagangan Senjata Dunia: Apa Peranan Kita?
Baru-baru ini dilaporkan bahawa Rusia dan China telah menggunakan kuasa veto untuk membatalkan resolusi Majlis Keselamatan Pertubuhan Bangsa-Bangsa Bersatu (PBB) yang menyokong pelan Liga Arab untuk mendesak Presiden Syria Bashar Al Assad supaya berundur dan mengutuk keganasan kezaliman yang berlaku. Hingga kini dilaporkan lebih 6000 rakyat Syria telah terkorban semenjak... Read More
Goldman’s Secret Greece Loan Reveals Sinners
(Note: This article should be read together with another article Click Here)
By Nicholas Dunbar and Elisa Martinuzzi -Available at: http://www.bloomberg.com/news/2012-03-06/goldman-secret-greece-loan-shows-two-sinners-as-client-unravels.html
Greece’s secret loan from Goldman Sachs Group Inc. (GS) was a costly mistake from the start.
On the day the 2001 deal was struck, the government owed the bank about 600 million euros ($793 million) more... Read More
KE MANA ARAH TUJU KEWANGAN ISLAM?
Baru-baru ini Persatuan Pengguna Islam Malaysia telah mengejutkan masyarakat Malaysia khususnya kepada industri kewangan Islam dengan laporan telah menerima lebih 4000 aduan sejak 2003 hingga 2012 mengenai ketidakpuashatian pelanggan dengan sistem perbankan Islam. Kenyataan PPIM yang sangat keras dengan menuduh bank-bank Islam menggunakan nama Islam untuk mencapai keuntungan melampau ini tidak boleh dipandang... Read More
DEMYSTIFYING THE MYTH OF SHORTAGE OF SHARI’AH SCHOLARS
The release of “Shari’ah Scholars-A Network Analytic Perspective” issued by the Funds-at-Work provides the extent of current Shari’ah board practices in Islamic financial institutions (IFIs). The survey in 2008 reveals that out of 94 scholars in 467 IFIs in 19 countries, only 20 of them are heavily utilized where they represent... Read More